What are the current real estate trends in California?
An example of an AI chatbot conversation about California real estate trends.
What are the current real estate trends in California?
California's real estate market is seeing a rise in remote work influence, with suburban areas gaining popularity.
Are home prices still increasing in major cities?
Yes, home prices in cities like San Francisco and Los Angeles are still on the rise, though at a slower pace.
What about rental prices? Are they going up too?
Rental prices have stabilized in some areas but are still high in major urban centers due to demand.
What factors are driving these trends?
Key factors include low interest rates, housing supply shortages, and changing buyer preferences due to remote work.
How do these trends compare to last year?
Compared to last year, the market is more balanced, with fewer bidding wars and a slight increase in inventory.
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